This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

Octopus chief investment officer Lothar Mentel made redundant

  • Print
  • Comment

Octopus Investments chief investment officer Lothar Mentel has been made redundant, alongside five other staff as part of a staff review.

The other five members of staff were in customer services and operations.

Mentel joined Octopus just over three years ago and left on December 12. Octopus is not replacing him with responsibility for continuing to grow the multi-manager business passed to director and founder Guy Myles.

A statement from the firm says: “We believe that our fund range is now sufficiently focused, and our teams sufficiently integrated, so that the individual fund managers can collectively drive forward the Octopus investment philosophy.”

Day-to-day management of the assets and will continue to be the responsibility of fund managers Bish Limbu and Colin Lunnon.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments